Welligence Energy Analytics Announces $41 Million Minority Growth Equity Investment
Summary
HOUSTON, Jan. 23, 2024 /PRNewswire/ -- Welligence Energy Analytics, a market leading energy data & intelligence firm specializing in global oil and gas markets, greenhouse gas emissions, and projects related to carbon capture storage and utilization (CCUS), has raised $41 million in growth capital. The investment, which represents a minority stake in the company, was led by Elephant with participation from Veriten, EDG Group, and several high-profile executives from the energy, information services, and enterprise software industries.Commenting on the funding, Welligence CEO Ross Lubetkin said, "Our team is proud of the growth weve achieved over the last six years. Raising significant capital from some of the markets most sophisticated investors with a proven track record is a pivotal step towards realizing the Welligence vision to solidify our presence as a leading global energy research house. Through the companys use of new technology, ideas, and methodologies, Welligence continues to take market share in a space traditionally monopolized by a few legacy players," said Christopher De Souza, Partner at Elephant. With regional hubs in Houston, Austin, London, Edinburgh, and Singapore, we are strategically positioned to serve our global clientele effectively.For more information, please visit: www.welligence.comAbout ElephantElephant is a venture capital firm focused on the enterprise software, consumer internet, and mobile markets.About VeritenVeriten is a research, investing, and strategy firm that draws from its energy-focused network and knowledge platform to bring diverse perspectives to the long-term energy discussion, helping our industry partners and investors improve strategic decision-making.